Your tax dollars helping HEDGE FUNDS! This is just corruption at its finest...and biggest.
I never give them hell. I just tell the truth and they think it's hell. - Harry Truman
Sunday, December 21, 2008
Hedge funds gain access to $200bn Fed aid
Your tax dollars helping HEDGE FUNDS! This is just corruption at its finest...and biggest.
FBI diverts anti-terror agents to Bernard Madoff $50 billion swindle
Another example of big guys get away with things, little guys go to jail. Why did Madoff avoid scrutiny for so long? Most likely he paid some of the auditors off.
Fed Refuses to Disclose Recipients of $2 Trillion
And there is it, my friends. A good 'ol looting of the Treasury. Keep supporting the system, boys, it's workin' great!
Small Banks Still Waiting for Bailout Funds
AIG, Bear, Citigroup, and Goldman got their money right away. Why aren't the little guys? Hmmm.
Bipartisan Senate Committee Issues Report Concluding Torture OK by Bush Admin.
"This week the Senate Armed Services Committee issued a powerful report, released jointly by chair Carl Levin and ranking member John McCain, that received the unanimous support of its 13 Democratic and 12 Republican members. The report concluded that Donald Rumsfeld and other high-level officials of the administration consciously adopted a policy for the torture and abuse of prisoners held in the war on terror."
Monday, December 1, 2008
MUST READ Article by the "Rich Dad, Poor Dad" Guy on the Fed
Read this article carefully, he gets what's going on. You should, too.
Thursday, November 27, 2008
The Financial System Bailout: Bigger Than All These COMBINED
• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
• Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion
TOTAL: $3.92 trillion
Big Bailouts, Bigger Bucks | The Big PictureTuesday, November 25, 2008
Paulson Changing TARP Program for the FIFTH TIME
Are you familiar with the phrase, "Being sold a bill of goods?"
FDIC Says 171 Banks on Watch List
So, if lots of different banks are suffering, why are the bailout monies just going to Goldman, AIG, and Citigroup? Does it have anything to do with Paulson having worked for Goldman?
Left Out of the Bailout: The Poor
Liberals, wake up! The bailouts are helping corporation, the rich, and the politically well-connected, NOT those underprivileged you THINK you're helping. If you would just let the free markets do what they do best, power would be getting pushed down to the individual and away from the elite right now. But instead, you are circumventing that, and perpetuating a system which is rigged for the privileged.
Ford Builds State-of-the-Art Factory in Brazil
Wait, I thought they were telling us that bailing out the auto companies would save U.S. jobs!
Sunday, November 23, 2008
Thursday, November 20, 2008
Monday, November 17, 2008
How the Investment Banks Fell via the Secondary Mortgage Market
...<snip>...
"“With all due respect, sir,” Daniel told the C.E.O. deferentially as they left the meeting, “you’re delusional.” This wasn’t Fitch or even S&P. This was Moody’s, the aristocrats of the rating business, 20 percent owned by Warren Buffett. And the company’s C.E.O. was being told he was either a fool or a crook by one Vincent Daniel, from Queens."
The End of Wall Street's Boom - National Business News - Portfolio.com
If you want to understand what happened on Wall Street in the past few years, read this article. It is long, but very good. What's most disturbing about it is that as you're reading it, you realize that our tax money is going to bailout these corrupt people, and their insanely greedy and irresponsible behavior. How the f*ck did we get talked into giving them their money back? They deserve to lose it.
Sunday, November 16, 2008
Organic Beekeepers Reporting Zero Losses
Some speculate that GMO grains or other chemicals are causing colony collapse disorder.
Bailout = Looting
"But We The People won some symbolic victories in that battle, including the explicit promise of complete transparency in the use of that money.
Now it turns out that We The Payers won nothing at all, and that we are not even being afforded the most basic right of being able to view how that money is being spent."
"US Taxpayers Violated" by Dr. Chris Martenson, FSU Editorial 11/11/2008Did You Think the Bailout Was $700 Billion? Try $5 Trillion...so far.
"For all the fury over Treasury Secretary Henry Paulson's $700 billion emergency economic relief fund, it seems downright puny when compared to the running total of the government's response to the credit crisis.
According to CreditSights, a research firm in New York and London, the U.S. government has put itself on the hook for some $5 trillion, so far, in an attempt to arrest a collapse of the financial system."
Washington's $5 Trillion Tab - Forbes.comA Credit Crisis or a Collapsing Ponzi Scheme?
Pam Martens: The Two Trillion Dollar Black Hole
To reiterate, your money they are spending on saving "the system" is ruining the system. It is going to bad businesses and bad businesspeople. Why do you continue to believe Washington is smarter than the markets? Why do you continue to believe they are helping you?
